Owner Builder Loan

Discussion in 'Introductions' started by Sarwan, 2nd Mar, 2020.

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  1. Sarwan

    Sarwan New Member

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    2nd Mar, 2020
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    canberra
    Hi, Can I get 95% owner builder loan?
     
  2. Lindsay_W

    Lindsay_W Well-Known Member

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    No
     
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  3. Sarwan

    Sarwan New Member

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    2nd Mar, 2020
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    Location:
    canberra
    Most lending institutions only lend up to 70% max. Is there any other way?
     
  4. Sarwan

    Sarwan New Member

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    2nd Mar, 2020
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    Location:
    canberra
    Hi, Thanks for your response. What other options are there for owner builders?
     
  5. Lindsay_W

    Lindsay_W Well-Known Member

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    QLD/Australia Wide
    Get a builder to build it for you.
    Is there a specific reason you NEED to be an owner builder?
     
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  6. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Borrow against other property?
     
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Borrow the other 25% through another source ie second mortgage or a 2nd tier lender.
     

The shift to the regions has been quite profound with Millennials and Gen X leading the way. It seems affordability, lifestyle, and working from home have been the key drivers from which these generations have been able to take most advantage.